crj wrote:
The difference with company title is that you are not going to be able to claim building write off because the building is owned by the company. So yes you declare the rent as income, and claim interest on any loan used by you to purchase the company title irrespective of what property the loan is secured against and claim any other ongoing expenditure you have had to make.
Does this mean that you cannot claim depreciation for a property that is owned under company title?
any other nasty little surprises like this that one should be aware of?
